Author: Pete Loughlin

Purchasing Insight is delighted to offer "P2P for Finance People" free to subscribers of Purchasing Insight Extras. Perhaps the biggest frustration that any organization experiences when optimizing purchase to pay processes is getting a truly holistic view across procurement and finance. And it's hardly surprising. Accountants no more understand what purchasing people do than purchasing people understand finance. It's not a criticism. Why should they? But for Purchase to Pay to be really effective the gap between the two functions needs to be spanned.

The headline interpretation of the impressive results reported by Kofax yesterday is likely to be the impact on their margin that the disposal of the hardware business will have. And it's true, the relatively high margins in the software business were in the shadow of the less profitable hardware side of the operation so an increase in target margin from 15% to 20% makes sense. But there's something else in the air and Kofax as well as number of others know it. There are other reasons why they can be optimistic about the future.

February 2010 – Stena Line, the leading ferry operator, has streamlined and optimised its financial management across the company’s operations in Europe using PaletteInvoice, the advanced, web-based invoice automation solution from enterprise purchase-to-pay specialist Palette.

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--In a move designed to extend the convenience of electronic invoicing and payment to a higher percentage of its customer base, Nestlé USA has selected Data Impact to provide Electronic Invoice Presentment and Payment (EIPP) technology. Nestlé will leverage Data Impact’s EIPPPlus solution to supplement its current Electronic Data Interchange (EDI) process.